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LLP Vs Partnership Firm I Differences B/W Partnership and Limited Liability Partnership in Hindi

🎓 LLP Act 2008 Full Chapter Explained | Limited Liability Partnership | BCom / Company Law Class 12

Struggling with Limited Liability Partnership (LLP) Act, 2008? 😟 Don’t worry! In this video, we explain everything about LLP in simple, easy-to-understand language with examples for better clarity. Perfect for BCom, CA, CS, CMA, and Class 12 students preparing for exams.

📌 Topics Covered in This Video:

1️⃣ Introduction & Background of LLP Act 2008 🏛️

Passed by Parliament on 12th Dec 2008, notified on 9th Jan 2009

Governs formation, regulation, and operation of LLPs

2️⃣ Features of LLP ✨

Body Corporate & Separate Legal Entity ♾️

Perpetual Succession – continues despite changes in partners

Artificial Legal Person & Common Seal 👤

Limited Liability of Partners 🛡️

Mutual Agency & LLP Agreement 🤝

3️⃣ Management & Governance 👨‍💼

Designated Partners – roles, responsibilities & liabilities

Minimum & Maximum Partners 👥

Management & Compliance under LLP Act ⚖️

Penalties for Non-Compliance ⚠️

Whistleblowing Protection 🔔

4️⃣ Financial & Accounting Requirements 📊

Financial Year & Statement of Account & Solvency 📆

Accounting & Auditing Standards 🧾

5️⃣ Conversion & Foreign LLPs 🔄🌍

Conversion of firm, private company, or unlisted public company into LLP

Foreign LLPs & FDI compliance

6️⃣ Incorporation Process 💻
Step-by-step:

Obtain Digital Signature Certificates (DSC)

Reserve LLP Name with MCA

Apply for DPIN

File Incorporation Form

Draft & Execute LLP Agreement

Obtain Certificate of Incorporation

Apply for PAN & TAN

7️⃣ Key Definitions & Concepts 📑

Business, Body Corporate, Small LLP, Partners, Designated Partners, LLP Agreement, Financial Year

8️⃣ Liabilities & Obligations ⚖️

Liability of LLP vs Partners

Unlimited liability in case of fraud

Penalties, imprisonment & compensation

9️⃣ LLP vs Partnership Firm vs Limited Liability Company 📊
LLP Vs Partnership Firm I Differences B/W Partnership and Limited Liability Partnership in Hindi For b.com, bba, ca, cfa students
9️⃣ LLP vs Partnership Firm vs Limited Liability Company 📊
LLP Vs Partnership Firm I Differences B/W Partnership and Limited Liability Partnership in Hindi For b.com, bba, ca, cfa students
difference between llp and firm in company law
9️⃣ LLP vs Partnership Firm vs Limited Liability Company 📊
LLP Vs Partnership Firm I Differences B/W Partnership and Limited Liability Partnership in Hindi For b.com, bba, ca, cfa students
Key differences in liability, management, and compliance
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Useful Playslists

👉👉 Business Law Complete Syllabus 👇👇

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👉👉 Income Tax 👇👇

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https://www.youtube.com/playlist?list=PLIZ0ZXpe_YMSrQXWd3ozzbNh-UQOAlLeJ
👉👉 Corporate Tax Planning and Management 👇👇

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👉👉 Company Law / Corporate Law For All Universities 👇👇

https://www.youtube.com/playlist?list=PLIZ0ZXpe_YMTmE_f0VT1C7RbTDB1mGsZh
👉👉 Management Accounting B.Com, BBA, M.Com 👇👇

https://www.youtube.com/playlist?list=PLIZ0ZXpe_YMQwDEObThidUPDSeJe2i4da
👉👉 Human Resource Management 👇👇

https://www.youtube.com/playlist?list=PLIZ0ZXpe_YMQXpVaNlfZaXp0xzVcr0fAa
👉👉 GST Chapters 2024-2025 for CA, MCom, B.Com, BBA. 👇👇

https://www.youtube.com/playlist?list=PLIZ0ZXpe_YMSVF_PIHWAPtq7dHhiZWxX9

👉👉 Financial Management 👇👇

https://www.youtube.com/playlist?list=PLIZ0ZXpe_YMTQSPldbpGsGzvUYyLs2l16

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